Multicoin Capital Hedge Fund Lost 91.4% In 2022
The fallout from the FTX catastrophe has not yet subsided. According to the most recent leak of a copy of the annual investor letter viewed by CoinDesk, Multicoin Capital’s loss in 2022 might be as high as 91.4%. The letter ascribed last year’s drop to the direct and indirect effects of the crypto exchange FTX’s demise. Multicoin Capital said frankly in the letter.
Multicoin Capital is one of the largest and oldest investment management firms in the crypto company, and it is widely regarded as a very astute encryption investment management firm. In October 2017, its managing partner, Kyle Samani, created a hedge fund strategy aimed at investing in liquidity tokens. Multicoin Capital also manages three venture capital funds and invested in the now-defunct exchange FTX. Multicoin Capital’s flagship fund lost more than half of its money in only two weeks after news of FTX’s bankruptcy surfaced, representing a 55% decline at the time, excluding liquidity and other self-financed funds.
Source
https://t.me/Crypto_Futures_Trading
